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Advancecon Holdings Bhd's wholly-owned subsidiary Advancecon Infra Sdn Bhd has accepted two contracts from Sime Darby Property (Bukit Raja) Sdn Bhd valued at a combined RM25.14mil for earthworks and other related works at Bandar Bukit Raja 2 in Klang, Selangor.
That's solid news for Advancecon, securing further work with a major developer like Sime Darby Property. This should definitely bolster their earnings for the coming periods.
The East Coast Rail Link (ECRL) project is progressing steadily and is poised to generate further opportunities for local contractors, with new tenders and possible extensions in the works, says RHB Research.
Key players include IJM Corp Bhd, Advancecon Holdings Bhd, HSS Engineers Bhd, and Tanco Holdings Bhd.
That's good to hear about the ECRL project's progress and the potential boost for local businesses, with ADVCON being a significant participant. It'll be interesting to see how this translates into tangible opportunities for the construction sector.
Advancecon Holdings Bhd (ADVCON) has secured a RM36.1m contract from Sime Darby Property for earthworks and infrastructure works at Serenia City in Dengkil, Sepang.
The project is part of ongoing development works in a major township in the Southern Klang Valley corridor, master-planned by Sime Darby Property as the "Garden City of KLIA" and shall be commencing from Oct 28, 2025 until April 27, 2027.